good morning, it is tuesday, july the 12th. this is your a.m. wake-up call. i'm ali velshi joining you live this morning from new york. let's start with breaking news in afghanistan, the half brother of this country's president was shot in killed in kandahar. ahmed wali karzai owned his own guard, gunned him down in his

house while he was entertaining friends. this karzai was a powerful council chief and pretty powerful guy, his name has been linked to drug dealing. one u.s. diplomatic cable turned up on wikileaks, widely known to be corrupt and narcotics trafficker. "every afghan family has suffered. i hope one day these sufferings end." in the u.s. top democrats and republicans plan fill the gaps between spending gaps and other savings that republicans want. long and short of it, no deal yet, just a brick wall. we like jay leno's take on the whole debate. listen. >> i said no. >> i said no first! >> i said no first! >> no, i said no first! >> i said no first!

>> question is, which one is the democrat? which one was the republican? president obama even alluded to childhood to describe where this debate stands. >> we might as well do it now, pull off the band-aid, eat our peas. >> well these peas are better than brussel sprouts or peas or a debt clock in new york needs two lines to show you how big our debt is. more on that through the course of the show. julian assange, mr. wikileaks, the most famous whistle-blower on the planet, his court appeal begins in london. this has to do with sex accusations in sweden. assange denies them. he's tried to avoid extradition, that's what this appeal is all about. his lawyers are afraid if he gets extradited to sweden will extradite him to the united states on these leaking charges.

take a look at the surveillance video with me from bourbon street in the french quarter in new orleans. a guy in a black shirt and ball cap shooting right there on the street. you can see people scrambling out of the way. two bystanders got hit and survived. police hope the video leads them to the gunman. another shooting 24 hours earlier a police officer was shot and killed. sorry a police officer shot and killed an armed man who had been scuffling with bouncers at a club. it looks like a new weapons reporting plan is going to happen, it would require gun dealers in four states all of them on the mexican border to report sales of high powered rifles, california, arizona, new mexico and texas. the idea is to keep the weapons way from mexican drug cartels. the u.s. government is moving forward with the plan, the nra, the national rifle association says it is illegal and is planning to file a lawsuit. we've got two carolinas, a pair of virginias and a couple

of dakotas so why not a couple of californias? the riverside county supervisor plans to propose the idea today. he wants a bunch of southern counties in california to secede and form a separate state of south carolina -- south california. this is a by-product of frustration over the state's budget woes. governor jerry brown is not a fan of this, he says the idea is, in his words supremely ridiculous. how much money hals the recession sucked out of you? an economy at the federal reserve did some math and says diagnos $7,300. think of all the stuff on craigslist you could have bought with that. it's an average obviously. here's a way to save money on your mba. the university of iowa business school is offering a full ride for the best tweet. that's right, the tweet is basically your application. if yours is the best you get a $37,000 scholarship. not a bad return on a 140

characters or fewer. remember you don't have to fill it. time check out the world's money. kristi lu stout, give us some knowledge of what's going on in world markets. >> let's start in europe, all major european markets are trading down. arrows are red across asia. the nikkei closed down 1.4%. we see the big financials, mitsubishi, mizuho, 1.4, 1.5%, the bank of japan lowered fiscal year forecast from 0.6% to 0.4%. that is due to the earthquake and tsunami, that devastated the country back in march. here in hong kong the hang seng led regional losses with a foul of more than 0.3%. monday moody's raised red flags on the accounting practices of dozens of mainland chinese companies. many investors dumped their holds. the shanghai composite fell

1.7%, losses in the banking and property sectors. back to you. >> kristi we're in the second quarter earnings season. always a good gauge of how companies are doing. good news from alcoa and really bad news from cisco. >> alcoa is considered a bellwether. alcoa earned $364 million or 32 cents per year and the ceo said "although the economic recovery is uneven the overall outlook for alcoa and aluminum remains positive. what is next for dunkin' donuts? dun kin brands plans to raise as much as $461 million in the upcoming ipo. dun kin brands is not saying when the stock might start trading. when it does it will trade on the nasdaq, the ticker symbol dnkn. there's talk about deep job cuts at cisco systems. sources are saying cisco plans

to shed as many as 10,000 jobs, about 14% of its workforce. cisco has seen its main business slow in recent years thanks to competition. ali? >> kristi i'm from canada where we have tim horton's doughnuts and could never get over how substandard dunkin's operations are. they have a lot more offerings and choices, not surprising they're now looking at this ipo. it's becoming a substantially better run company than it used to be. speaking of food, a restaurant owner in pennsylvania is banning kids under 6 starting this weekend, he says they're too noisy and they disturb other customers, don't know how to moderate their volume. some parents are upset but the owner is confident most of his pay tron patrons will support rule. kids cry, that's what kids do. why do you want to be serious like us and quiet? >> that's right, exactly.

you're a dad, i'm a mom. there should be a no rude people rule in restaurants. doesn't matter if you're 6 or 16 or 60. if you're misbehaving you should be out but no kids rule is unfriendly. >> it's going to lose some customers. i won't be at that restaurant. good to see you. kristi will you stout from our bureau in hong kong. we go live to rob marciano in the weather center in atlanta. good morning. good to see you back. what are we looking at in terms of flight delays? >> typical summer weather. the big heat wave conditions across sections of the country. around that pockets of thunderstorms may slow you down in charlotte, st. louis and kansas city. denver and parts of eastern colorado seen their fair share of thunderstorms the past couple of days. low clouds and cooler in san francisco and on the windy side. here is your heat wave, heat advisories and excessive heat warnings, kansas city, through

lieu izzville and nashville as well. temperatures will feel like well up and over 110 degrees, 115 degrees, dangerous levels of heat and humidity and the cool front that will cool some folks off will only get so far south and that means that folks who live in the deep south will continue to be hazy, hot and humid. be careful what you say about dunkin' donuts, ali. people who are up at this hour love it. >> dunkin was a substandard doughnut operation and now they're not. people out of power in chicago things getting better? >> rough weather, gusty winds, at one point almost 900,000 people without power. now just under a half a million so they had a lot of damaged equipment from the storms and they say it's going to take several days for some of the spots so be patient. folks without power aren't really watching right now but hold tough there, if you're a neighbor of theirs, tell them to hold tough. >> they're tough in chicago.

rob marciano in our weather center. a stun gun turns up on a jetblue flight. how did it get there? we'll fill you in on the investigation. time for the quote of the day, a tweet, guess who tweeted this, "it is too early to predict that tim pawlenty will not be a popular halloween costume." see pawlenty's response on the other side. our premium litters now work harder to help neutralize odors in multiple cat homes. purina tidy cats. keep your home smelling like home.

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interesting... wow, i'm blown away. you look great. hotels.com summer sale, save up to 30%. and get a free kindle. hotels.com. be smart. book smart. katey perry, endless string of hits. a tweet sent out late night by comedian conan o'brien, poking fun at republican presidential candidate tim pawlenty about being unexciting on the campaign trail saying, is it too early to predict that tim pawlenty will not be a popular halloween costume?

a couple hours pawlenty wait until i unveil my team coco wig, then everyone will want a wig of me. a narrow alaskan mountain pass and they both land safely, no one was hurt. the pilots didn't see each other until the very last second on sunday, one skimmed the top of the other, then they both landed with little damage. wow. hear that? that's a sigh of relief from all 13 people on board the two planes. there are certain things you expect to find in the seat back pocket of a plane, the emergency manual, leftover magazines, but a stun gun isn't one of them, exactly what a jetblue crew found friday in new work, looked something like this. the fbi is joining the investigation into how it happened. the flight originated in boston, made several stops throughout the day. tom stuker first person to

hit the 10 million mile mark in united's mileage plus program. since 1982 he hit all 50 states, logged 200 trips to australia and taken 60 honeymoons with his wife, same wife. the automatic industry consultant hit the milestone over the weekend. i'll talk with him at 8:20 eastern on "american morning." kia cars are flying off the lot. the south korean automaker saw a 17% jump in global sales last month compared to june of 2010 and in north america the bump was bigger, sales up 38% compared to the year before. in america if you didn't notice is becoming a smartphone nation, more than one in three adults owns one of the devices according to a new pew poll, a lot of multitasking going on and on the go web surfing opinion 87% of users access the internet from their phone, a majority logging on once a day. the poll says the most popular mobile platform is the droid,

followed by iphone and then blackberry. all that smartphone use is bound to drain the battery. americans have the option to charge up with solar power. the samsung replenish has the ability to charge up with solar power. that is fascinating. in punchline the octomom haters made our own anderson cooper's ridiculist. >> octomom is 14 times more concerned about the future than the rest of us. octomom is a hero in my book and her kids angels. >> how do you potty train eight 2 1/2 years old? >> i'm in the process. the girls are almost potty trained. i'm able to work during the day or personally train when they're

in school. >> let me ask you a question. okay, good, there was a light back there -- >> was that david gregory picking up poop? it's really not that difficult to keep toddlers happy and quiet. when i met nancy grace's kids i thought things went while. >> i want to do whatever makes them happy. >> uh-oh. >> anderson, what did you do to him? >> i didn't do anything. i swear all i did was hand the kid a piece of paper. >> time for your political ticker with tim farley host of morning briefing, live from washington. good morning, tim. looks like the death panel is going to be discussed again, remember the death panels we were talking about during the summer of discontent on health care? >> exactly, and you just did the story on the smartphones, don't think ipad is something new, it's the independent payment advisory board and kathleen

sebelius is in front of the house budget committee today to explain what this 15-member panel will do to keep the costs down and she insists and i talked to her the other day about this it's not about rationing care, it is about finding the best cost and alternatives moving forward. some democrats pushing back against this. we'll see how her testimony goes against today. >> you made a congressional thing into an ipad, independent payment advisory whatever you said. the third straight day for congressional leaders and the president. what's going to happen? >> this is the octomob, the eight leaders speaking with the president once again this afternoon, they don't seem to find a way beyond the entitlements that democrats don't want to touch and the taxes that republicans don't want to add and the president says he won't sign a 30, 60 or 9 o-day extension of the debt ceiling, however he did say yesterday we all have to eat our peas and get this done so maybe that's something that's on the

menu this afternoon in the meeting. >> did you coin the octomob for the eight congressional leaders? >> i just made it up. >> you get credit for that. tim good to see you. >> thank you. >> enjoy your show. tim farley the most of "morning briefious on sirius xm radio. former president clinton is a good speaker, should get page. hear how much he has collected since leaving the white house. even i was surprised. first on your way to the office you may want to stop by your favorite bakery or grocery store or bodega and pick up some pecan pie to share with your co-workers. it is national pecan pie day, a favorite treat for many americans. 19 minutes past the hour. somewhere in america, there's a doctor who can peer into the future. there's a nurse who can access in an instant every patient's past. and because the whole hospital's working together, there's a family who can breathe easy, right now.

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you have checked out google plus, it's google's in your face answer to facebook. the tech community likes it, just one problem, it tastes a bit spammy. google has been spamming users by accident. google plus has about 4.5 million users. i'm not one of them. i didn't get an invitation. i sort of got one but didn't seem to work. if anyone has bun invite me. facebook has 750 million members to give you a sense of scope. the most popular person on google plus right now the one with the most followers, mark zuckerberg, mr. facebook himself. guess what the second most popular social network is right now, linkedin. get this, u.s. traffic to myspace is half of what it was in june of last year. i'm getting more linkedin invitations from people so i'm getting the sense it's being used a lot more than it was. we have news will netflix as well its fortunes could be

changing radically. movie studios want more for their content. netflix might pay more for its content. how is that passed on to you? some say it will be passed on in terms of higher fees, higher costs for movies. my view is nobody needs movies that much. zain verjee, someone who never has time to watch movie, live in london, following drama right now out of afghanistan, the half brother of the country's president shot and killed in his own home possibly by his own body guard? what do you know about this in. >> that's the information that we're getting, body guard killed him with an ak-47, died of bullet wounds to the head and chest. he was at his home in kandahar. ali this is a significant incident, this guy was a very powerful guy in kandahar, he basically controlled the region for his brother, the president, hamid karzai. i was talking to nic robertson

who has been to kandahar and nobody would say a bad thing against this guy because he was so feared and also accused of dealing drugs and fueling the drug raid that really created a lot of problems for hamid karzai. the reason this matters to the u.s. they held their nose in spite of this guy's links to drugs because they needed him and needed his control of the area in order to fight the taliban and push ahead with their offensive, so it is a blow to the u.s. by his death. >> all right, the other story happening where you are is rocking the world, this is the news of the world scandal, getting bigger now, some -- >> gosh. >> police are questioned by lawmakers today. >> there are really serious allegations here, ali, against the police for corruption and for accepting payoffs for tips and information. what's happening today is that senior police officers are going to be questioned by members of parliament so what they want to know is why didn't the police uncover all this information of

the hacking that was going on at "news of the world"? there were only oh 4,000 cases are so that have now come to light? they want answers to that and want to know whether scotland yard dlib reliberately did not investigate because they wanted to keep good relationships with the media and news international? tough questions for the police. their reputation has been damaged in this. they're arguing saying look there were legal restrictions at the time and also they had to focus on terrorism and they were putting their resources there. there are a lot of questions and they're going to have some pretty tough ones to answer today. >> this has captured the world's attention. zain, good to see you as always. zain verjee in london. talk ain't cheap, not cheap for bill clinton. in the last ten years he's earned more than $75 million just from speaking at events, paid speaking events, almost half from speeches in 13 other countries. looks to me he's getting about half a million dollars a speech.

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good morning. it is tuesday july the 12th. this is your a.m. wake-up call. i'm ali velshi joining you live from new york, 30 minutes after the hour. the news that broke overnight in afghanistan. the half brother of that country's president was shot and killed in kandahar. ahmed wali karzai's own body

guard shot him. this man is linked to drug dealing, something he denied but one u.s. diplomatic cable that turned up on wikileaks said he was widely known to be corrupt and a big narcotics trafficker. a sealed jail house video of casey anthony considered highly inflammatory shows her reacting to news reports that a child's body had been found near her parents' home. an "orlando sentinel" article says she doubles over and starts to hyperventilate. a judge sealed the video two years ago saying it could ruin anthony's chances at a fair trial. the clapp is getting harder to treat. scientists discovered a gonorrhea superbug in japan resistant to all forms of antibiotics used to treat the std. doctors say the bug is mutating to survive the medicine. they say it's too early to tell if it's become widespread. a best selling presidential

historian who appeared on cnn is accused of trying to steal millions of dollars wort of artifacts. this is barry landau showing off historical arti facts. he's now an accused thief. baltimore police say he tried to take dozens of documents from the maryland historical society. monument commemorations and more. officials say he signed many of the documents out. two nasa flight engineers are getting ready for the last sidewalk of the shuttle era, going to take about six enough hours, three goals, getting a broken pump from outside the international space station and stowing it in "atlantis," retrieving a science experiment from the bay and deploying another one. if you think a solar panel has to be bulky and mount the onned top of your house, research ares show how they can

be printed on cheap materials as thin as newspapers. a voltimeter changes as the paper is folded. think of the possibilities, window shades, wallpaper, plastics, you name it. let's talk about how your money is looking this morning. let's go to joya dass at the nasdaq marketsite. investor s spooked by the debt crisis in europe and friday's grim jobs report. what is happening this morning? >> goosh, what can we say, umbrella effect persisting for months, the uncertainty in the air and part of the reason why small business owners aren't hiring by next year. the new survey came out yesterday and the futures markets more of the same, pointing lower. >> let's talk about the small businesses in an economy like ours we are turning to small

businesses of hope in terms of hiring. what is the problem on the horizon? >> the first question, why do we even care? the reason is because small businesses at least in the last 15 years have provided a good chunk of the private sector jobs, so if they're not adding to the head count about two-thirds of the small business owners that were surveyed say they're not adding to the head count next year that's not looking very good so what are some of the other things folks are worried about, what's going on in washington, a lot of the small business owners wish they would get out of the way, figure out what's going on with the deficit and the debt ceiling and make it happen. >> all right, joya dass good to see you this morning. it's been a long time since i worked with you. good to have you back. ever wonder what happens when the tv cars get too close to the cyclists at the tour de fran france? not pretty. take a look at that. before we go, apple predicts the average user will download 80

apps. can you guess the average number of apps downloaded in 2010? was it 31? 75? or 51? the answer after the break. [ kimberly ] when i was 19, i found myself alone with two children and no way to support them. people told me i wasn't going to do anything. and i just decided i have more to offer than that. i put myself through nursing school, and then i decided to go get a doctorate degree. university of phoenix gave me the knowledge to make a difference in people's lives.

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for greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. did i mention to you that it is national pecan pie day? welcome back. janet jackson to bring you back in. ♪ 38 minutes after the march. guess the average number of apps downloaded in 2010. 31 apps, 75 apps, 51 apps shall the average user. the answer 51 apps, predicted to be up to 83 apps. apple says people are willing to pay more for each one. here's a guy who needs no apps to make him smarter, senior

editor mark preston, on the phone from washington, mark, good to talk to you my friend. yesterday president obama making his speech, hinted it's not just the gop getting pressure from tea party and fiscal conservatives on their debt negotiations. the president is facing some heat from his side. >> yes he is, ali. we spend so much time talking about how the tea party is influential in the debt ceiling negotiations. liberals are up in arms because president obama, ali, is talking about reforming the big entitlement programs such as medicaid, medicaid and social security. they're not necessarily part of the debt talk negotiations, because president obama says they're issued that have to be dealt with. republicans want to deal with them. president obama says we have to deal with them as one big package. the liberals are up in arms, the progressive change campaign committee alex and as of this morning, 189,000 people have signed on to this online pledge where they are saying they will

withhold financial support for president obama's re-election and refuse to volunteer for his campaign if he makes any changes to medicare and medicaid and social security and they suggest at this point right now, ali, that those 189,000 people are worth 2 million volunteer hours and more than $1 million million in contributions. we're seeing interest groups on both sides trying to exert pressure and influence the debt ceiling negotiations. >> the answer probably lies in the middle of groups on either side. mark preston good to see you -- hear from you at least. it is 40 minutes after the hour. three things you should have on your radar. president obama will meet with congressional leaders at 3:45 eastern this afternoon for talks on the debt ceiling and award the medal of honor to an army

ranger this afternoon. sergeant leroy ranger served two tours of duty in iraq and six in afghanistan. the astronauts will begin a sidewalk at 8:44 eastern time this morning. the sidewalk is expected to last about six and a half hours. the family of a former nfl player says deputies shot and killed him for no reason. running back david turner was coming out of a bakers field convenience store sunday when deputies stopped him for allegedly buying alcohol for minors. the sheriff's department opened no comment. daniel hernandez will be throwing out the first pitch for tonight's game in phoenix. he gave gabrielle giffords first aid when she was shot in january. he's credited by many for helping to save her life.

pablo toure in new york, what's the record, 83 all-star players in all. >> ali you and i may still be getting a call playing third base for the american league in a couple of hours. this year is a mind blowing number of all-stars, it's up to 84 now or one in every nine full time players. get to that number, because 16 different players named to the roster have dropped out due to injury, due to fatigue, and also due to a desire to keep their vacation plans as in the case of our home you an ace cc sabathia who wanted to go to the bahamas, had that scheduled and wanted to keep on going and he's headed there instead of arizona and that's insulting because this is meant as much as an honor it is for the players -- >> all right, looks like we lost pablo. all right, pablo's gone.

we'll check in on him later. we'll talk more about the all-star game. before we go you may remember on this day in history in 1979, chicago white sox fans dealt disco a death blow, public black lash against the genre thousands of fan crowding comiske park for disco demolition. we'll be right back. r medical... major medical. ...but it helps pay the doctors. pays the doctors, boyyy! [ quack ] oh yeah? what about your family? ♪ we added aflac, so we get cash! it's like our safety net... ♪ to help with the mortgage or whatever we need! so my family doesn't feel the pain too. ha! [ male announcer ] help protect your family at aflac.com. [ pigeons ] heyyy! hooo!!! we get double miles on every purchase,

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all right, still eating that pie. good morning. it's tuesday, july 12th. this is your a.m. wake-up call. i'm ali velshi joining us live from new york. 45 minutes after the hour. the news that broke overnight in pak -- in afghanistan. the half brother of that country's president was shot and killed in kandahar. apparently ahmed wali karzai, his own guard gunned him down in his house while he was entertaining friends. his name has been linked to drug dealing, something he denied. one u.s. diplomatic cable turned up on wikileaks said he was known to be widely corrupt and a narcotics trafficker. to pakistan fresh steps the u.s. took to track down osama bin laden. the cia reportedly ran a phony vaccination project in abbottabad, part of a plan to gather dna to figure out if the

bin laden family was there and the pakistani doctor suspected of running the operation is being detained. r re reza sayah what do you know. >> reporter: it's not clear but they need to confirm he was living and hiding out in abbottabad. the intelligence source tells us that this doctor staged a fake vaccination campaign and he was advertising free shots and free vaccinations for the kids in abbottabad. the british paper "the guardian" is reported he hired two nurses who went around house to house and the plan was to get to the bin laden kids, extract blood and use syringes to match their dna with bin laden's sister's dna who died in boston last

year. we spoke with residents of abbottabad and six of them tell us they went to house to house offering free vaccinations. we hadn't verified if they went from compound to compound. >> unfortunately we're having some problems today with our transmissions. we'll check in with reza later. back to the u.s. for news we're following here. top democrats and republicans plan to meet again for the third straight day of negotiations over the debt ceiling. they've been asked to bring their ideas on how to close, we're hearing. $of 00 billion gap on spending cuts there and other savings republicans want. the long and short of it, there's no deal yet, just a brick wall, kind of the way jay leno's show handled the whole debate. >> i said no! >> i said no first! >> i said no first! >> no, i said no first! >> i said no first! >> be quiet!

>> you be quiet! >> you be quiet now! >> the question is, which one is the democrat, which one is the republican? president obama even alluded to childhood to describe what they have to do to settle this debate. >> we might as well do it now, pull off the band-aid, eat our peas. >> the meeting by the way today's meeting is set for 3:45 p.m. eastern, maybe we'll see then who decides to eat their peas. here's another story you'll hear about today, julian assange, mr. wikileaks, the most famous whistle-blower on the planet, court appeal in london, it has to do with sex accusations in sweden which assange denies, trying to avoid extraditions, his lawyers are afraid sweden would extradite to him to the united states. two planes collide in midair

in a narrow alaskan mountain pass and land safely. no one was hurt. the pilots didn't see each other until the last second. one skimmed the top of each other and both landed with damage. a sigh of relief from all 13 people on board. there are certain things you expect to find in the seat back pocket of a plane, the emergency manual, leftover magazines, sky mall catalogues but a stun gun wasn't one of they will. the flight originated in boston. it's a journey, not the destination. tom stuker first to meet the 10 million mile program. he joined the program in 1982, hit all 50 states, logged 200 trips to australia, taken 62 honeymoons with his wife. he hit the milestone over the weekend, we'll talk to him at

8:20 a.m. on "american morning." look at the map of the united states, a couple of carolinas, a pair of virginias and matching set of dakotas. why not two californias? the riverside county supervisor wants a bunch of southern counties county s s to secede and form the state of south california. governor jerry brown calls the idea ridiculous. rob marciano joins us with the weather. >> northern california san francisco will see, denver you'll see thunderstorms that will create some delays as well. the heat and humidity the other big story today, record breaking in some spots and dangerously hot in others through dallas and

oklahoma some areas 100 degree plus days for well over a week now and not including humidity but d.c. 101 degrees there, and again that doesn't include humidity so try to stay cool some way, somehow out there, we're in the thick of it now, in the middle of july, it's tough to stay on the chilly side, that's for sure. >> you weather guys know area codes, anheuser-busch is trying to trademark the area code, make beers with certain cities with area codes with the name. in chicago 312 urban wheat ale, a beer sold by a company in chicago taken over by anheuser busch, that's 312, they applied for 215 philly. local beer with a local area code? >> they're stealing it from a brew in georgia called sweetwater 420 but i think the 420 has nothing to do with an

area code. >> the problem with area codes on beers it will contribute to a lot of drunk dialing. >> you're right about that. it's a disclaimer. >> you start drunk dialing locals when you visit a place. we'll check back with you later in the day. if you don't know what planking means we'll tell you after the break. if you do know what it means, see the pictures of richard simmons partaking in the planking. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. ♪

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it is 56 minutes after the hour. back to the word of the day, it's planking. we pulled the definition from

tech-o-pedia.com. a game where the participant lies face down. here's a picture of richard simmons planking. it's a bit disturbing. at some point i'll talk about why it is our word of the day but if anybody brings it up, here are three things you need to have on your radar, president obama meets with congressional leaders at 3:45 eastern for the third straight day of talks about the debt ceiling, plus treasury secretary tim geithner is hosting the finance investment symposium at 8:30 a.m. in d.c., recognizing women who have risen to leadership roles in investment. ands astronauts aboard the international space station begin a sidewalk at 8:45 eastern time. it's expected to last six and a half hours. a quick check on how the world's money is doing. kristi lu stout live in the hong

kong bureau. >> european markets in the red so far this day. the arrows were all red across asia. the nikkei closed down 1.4%. the bank of japan lowered its fiscal year forecast for the country and thanks to the earthquake and tsunami that devastated the country back in march. >> we're into second quarter earnings right now. we got good earnings from alcoa, we got bad stuff from cisco. what are you following? >> okay, a lot to get to, ups and down. we'll start with alcoa, aluminum maker reported earnings that beat the street by $364 million. dunkin' donuts plans to raise as much as $461 million in upcoming ipo and finally about cisco, reports out there of major job cuts for the company. sources are saying that cisco plans to cut as many as 10,000 jobs, cisco's main business is

slow in recent years. >> it's gaining on some fronts, particularly consumer business and telepresence. dun kin doughnuts penetrating new business, a lot of people drinking dunkin. >> we don't have it in hong kong but they have is in asia and south korea. they're looking at northeast asia as well as the middle east. >> kristi lu stout great to see you. former california governor arnold schwarzenegger is ready to return to the big screen according to several media reports out this morning. he'll star in "the last stand," a western by south korean director kim ji wun. his first significant role since "terminator 3: rise of the machine" in 2003. and in this morning's